The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-03
INDIANAPOLIS MARKETS.
Trade Unfavorable Affected by the Heavy
Rains of the Last Day Two.

Trade Unfavorable Affected by the Heavy
Rains of the Last Day or Two.
INDIANAPOLIS, June 2.
The volume Of trade in last forty eight hours
has been considerably curtailed by the heavy
rains This trouble. however. is but of short
duration, and the conditions aside from the un-
favorable weather could not be improved upon
At no time for years has the money market been
easier. and the bankers are disposed to aid all
legitimate enterprises, and with this our manu-
facturers crowded with work. many of them
running overtime. and the crops are very
promising, especially in this State There were
but few changes in values to-day. The -four
market has taken on irmer tone but prices, as
yet, show Improvement. Millers are not dis
posed to accept anything but full asking prices
for their production, as the firm position of the
wheat market prevents their making much mar
gin on their -four, either export or homo con-
sumption. The visible supply of wheat contin-
ues to decrease, and the export movement is
large. Crop advices continue favorable, rain
having fallen in many sections, and the temper
allure has been warm and conducive to advance
in vegetation The London correspondent of
the New York Financial Chronicle says, under
the date of May IA: 1.-THE steadiness in the wheat
trade has continued to be fairly we'll maintained,
although the market cannot be said to be active.
Here the favorable weather Tor the crops
and the receipt of fair supplies from abroad
have been against prices, but the greater
speculative movement reported from Amer
lea has strengthened values. So long as the
American trade is firm the tone here will be
steady particularly as. Notwithstanding the re-
cent improvement in the weather. the season is
still backward Supplies of wheat and flour on
passage below what they were a year ago,
but there is plenty of grain to come forward from
India, and Australia has larger shipments to
make than were possible last season; hence any
he dam ynf vyolf1
tract liberal supplies" In the produce
markets there is a good deal of activity, but, as
a rule, prices are low. potatoes and cabbage be-
ing the only vegetables which range high. Eggs
are steady. Poultry and butter weak The
wool market is firm Merritt & Co., in their
circular say: I'VE have not changed our prices
materially this week, still think the woods
leave margin of profit for handling The
home market is very much excited. and extreme
~ high prices are being paid in The country. but
do not think the excitement and high prices
are warranted by the wool goods market in
the East The bulk of the woods grown in our
State must eventually find market in the East
and when they laid down there at too great
cost manufacturers they will be compelled to
go abroad for cheaper wools"
1t was an off day in the local market the
attendance on Change was slim and bidding
tame. Wheat ranged at about Wednesdays
prices while corn was weaker and some grades
lower. Oats dull. Receipts of all cereals only
moderate, the wet weather checking even the
previously light shipments Track bids to day
ruled as follows: